As Split Nears, H-P Bosses Tick Off a Surgery Checklist

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Robert McMillan Later this week, Hewlett-Packard Co. will disclose for the first time the financial outlines of its successor companies: HP Inc., which will sell PCs and printers, and Hewlett-Packard Enterprise, a supplier of corporate technology. Separating the balance ...

Sysco Ends Plans to Merge With US Foods -- 2nd Update

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Annie Gasparro Sysco Corp. abandoned its planned acquisition of rival US Foods Inc. following a federal judge's ruling against the deal, forcing the food-distribution giant to find a new strategy for its future that is likely to include smaller ...

3G Accelerates Management Shake-Up Ahead of Kraft-Heinz Merger -- Update

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Annie Gasparro And Maria Armental H.J. Heinz Co.'s private-equity owner accelerated its shake-up of Kraft Foods Group Inc.'s management ranks, ahead of a shareholder vote on approving their combination. Kraft and Heinz, which is controlled by Brazilian investment firm ...

Puerto Rico Calls for Concessions From Creditors--2d Update

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Aaron Kuriloff Investors in Puerto Rico's bonds braced for losses as soon as this week, after the U.S. commonwealth said it can't pay its debts as it works to stave off a cash crunch and rebuild its ailing economy. ...

Japan's SMBC Nearing Deal for GE European Private-Equity Finance Unit

TODAY: June 30, 2015 PUB DATE: June 30, 2015

Japan's Sumitomo Mitsui Banking Corp. is nearing a deal to buy General Electric Co.'s European private-equity finance business, according to people familiar with the matter, the latest step in the industrial conglomerate's retreat from banking. SMBC is expected to pay ...

Cheil Industries Promises Better Dividends if Merger Approved

TODAY: June 30, 2015 PUB DATE: June 30, 2015

SEOUL-?Cheil Industries Inc., the Samsung conglomerate's de facto holding company, said Tuesday it would boost dividends and establish a corporate governance committee -- but only after a contentious merger with Samsung's construction and trading company is approved by shareholders. The ...

German Retail Sales Grown in May

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Emese Bartha FRANKFURT--German retail sales continued to expand in May, beating economists' forecasts and supporting views that private consumption is likely to remain a solid pillar of growth in Europe's largest economy. Retail sales in May increased 0.5% in ...

French Consumer Spending Stable in April, May

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By William Horobin PARIS--French consumer spending was almost stable for the second month in a row in May, data showed Tuesday. Consumer spending in the eurozone's second largest economy rose 0.1% on the month in May after zero change in ...

Willis Group, Towers Watson to Merge in $18 Billion Deal

TODAY: June 30, 2015 PUB DATE: June 30, 2015

LONDON?Reinsurance and risk advisory firm Willis Group Holdings and professional services group Towers Watson on Tuesday said they had agreed to an all-stock merger that values the combined company at $18 billion. Under the deal, which has been approved by ...

Statoil Awards $888 Million Platform Contract to Samsung Heavy

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Dominic Chopping Statoil (STO) has awarded Samsung Heavy Industries (010140.SE) a seven billion Norwegian kroner ($888 million) contract to build two platform decks for its giant Johan Sverdrup development in the North Sea, it said Tuesday. The Norwegian oil ...

Markets Are Shaken by Turmoil in Europe

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Tommy Stubbington, Corrie Driebusch and Josie Cox The growing threat of Greece's exit from the eurozone rattled financial markets Monday, as investors dumped stocks world-wide and moved to the safety of U.S. and German government bonds. The Dow Jones ...

Turmoil in Europe Shakes Markets

TODAY: June 30, 2015 PUB DATE: June 30, 2015

The growing threat of Greece's exit from the eurozone rattled financial markets Monday, as investors dumped stocks world-wide and moved to the safety of U.S. and German government bonds. The Dow Jones Industrial Average fell more than 350 points, or ...

Walt Disney to Merge Units for Interactive Media, Consumer Products

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Ben Fritz Seven years after launching a stand-alone interactive-business unit, Walt Disney Co. is merging it with a larger sibling. The media giant is merging Disney Interactive, which produces video games and online content, with Disney Consumer Products, which ...

Oil Stays Under Pressure Ahead of Iran Nuclear Talks

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Eric Yep Crude-oil futures remained under pressure in Asian trade Tuesday, as investors monitor the progress of the Iranian nuclear talks in Vienna and a worsening Greek debt crisis. On the New York Mercantile Exchange, light, sweet crude futures ...

S&P Cuts Ratings on Greece Again

TODAY: June 30, 2015 PUB DATE: June 30, 2015

Standard & Poor's Ratings Services downgraded Greece's credit ratings deeper into junk territory, while speculating that the probability the country will exit the eurozone is roughly 50%. The one-notch downgrade to triple-C-minus comes with a negative outlook, and the credit ...

Eurozone Inflation Rate Eased in June

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Paul Hannon The eurozone's annual rate of inflation eased in June as consumer prices barely rose from their year-ago levels, a reminder that the risk of a slide into deflation hasn't been eliminated. Surveys of businesses and economic data ...

Chinese Firms Discover Margin Lending's Downside

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Jacky Wong And Chao Deng Some of the biggest losers of China's market selloff are companies with a relatively small portion of their shares trading in the market -- many those bought using borrowed money. Because the government or ...